Broadwind Energy (BWEN) Tops Q3 EPS by 8c

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Go back to Broadwind Energy (BWEN) Tops Q3 EPS by 8c

Broadwind Energy Announces Third Quarter 2015 Results

October 29, 2015 7:00 AM EDT

Highlights:

Revenue of $50 million (excluding $3 million from Services segment) down 10% from Q3 2014 reflecting reduced tower production, as pre-announced in SeptemberNet loss of $2.4 million from continuing operationsInventory down $5 million from Q2 2015 Quarter-end cash rises to $4.7 million; $15 million LOC undrawn Board authorizes exit of Services business; resolution expected prior to year-end

CICERO, Ill., Oct. 29, 2015 (GLOBE NEWSWIRE) -- Broadwind Energy, Inc. (NASDAQ: BWEN) reported sales of $49.8 million for the... More